Businesses are increasingly relying on independent contractors to provide needed services. While using independent contractors can provide a business with significant benefits, if a worker is improperly classified as an independent contractor rather than an employee, the business can be exposed to significant liability. The IRS is in the midst of a three-year program to [...]
The Virginia General Assembly made amendments (effective July 1, 2010) to the Small Estates Act, which provides streamlined procedures for the handling of smaller estates. Importantly, probate estates valued at $50,000 or less (not including real estate) may be able to be distributed without the appointment of a personal representative (executor) and without going through [...]
